Rollins (NYSE:ROL) Hits New 52-Week Low – Here’s Why

Rollins, Inc. (NYSE:ROL) reached a new 52-week low on Thursday . The stock traded as low as $35.81 and last traded at $36.06, with a volume of 470210 shares trading hands. The stock had previously closed at $36.70.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROL. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $45.00 price objective (down from $70.00) on shares of Rollins in a report on Friday, July 24th. Citigroup started coverage on Rollins in a report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price on the stock. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. Piper Sandler cut their price target on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Up 1.4%

The company’s 50 day moving average price is $40.33 and its two-hundred day moving average price is $49.36. The firm has a market cap of $17.53 billion, a PE ratio of 33.12, a PEG ratio of 3.94 and a beta of 0.75. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. On average, equities research analysts expect that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $0.1825 per share. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.0%. Rollins’s payout ratio is 66.36%.

Institutional Trading of Rollins

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. DV Equities LLC purchased a new position in shares of Rollins during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC increased its holdings in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares in the last quarter. Torren Management LLC purchased a new stake in Rollins in the 4th quarter worth approximately $36,000. Raiffeisen Bank International AG raised its stake in Rollins by 73.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after acquiring an additional 272 shares during the period. Finally, Fideuram Asset Management Ireland dac bought a new stake in Rollins during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.